10. ______ are assets converted into cash within a year.
a. Cash flow assets
b. Current assets
c. Intangible assets
d. Deferred assets
b. Current assets
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The equation that allows us to compare dollar amounts to be received at different dates is the
A. present-value formula. B. Taylor rule. C. interest-rate parity equation. D. ?Roy's identity
Bing's Export Co purchased a new delivery truck at the beginning of 2015 . The truck has a cost of $37,000, an estimated life of 5 years, and an estimated residual value of $7,000 . A full year's depreciation expense is to be recorded in 2015 . The truck was driven 20,000 miles during 2015 and 24,000 miles during 2016 . The number of expected miles over five years is 100,000. Refer to information
for Bing's Export Co By what amount would double-declining-balance depreciation exceed straight-line depreciation over the 5-year life of the truck? a. The salvage value of $7,000. b. Cost less total depreciation. c. Cost plus total depreciation. d. Total depreciation expenses under double-declining-balance and straight-line depreciation are equal.
During a trial or deposition, expert witnesses should do all of the following EXCEPT:
a. listen carefully to the questions to make sure they hear exactly what is being asked. b. memorize well-crafted answers to say what they think sounds effective. c. before answering, pause to give the attorneys for their side of the case an opportunity to object to the question. d. restrict the answer to the question asked.
What factor was the primary basis for the earliest division of labor in human history?
a. urban/rural divide b. social status c. wealth d. gender